New Company Activities & Brownfield Projects Expected to Create 661 Jobs in Michigan

Area Development News Desk

05/23/2011

Related Research

The Michigan Economic Growth Authority (MEGA) recently announced approval of tax incentives for three companies expanding or locating in Michigan and for three brownfield redevelopment projects. In combination, these approved projects are expected to generate almost $182 million in new investments, according to the companies, and create 661 jobs across the state.

Michael A. Finney, president and CEO of the Michigan Economic Development Corporation. said MEGA's actions underscored the state's strengths across a number of industry sectors--from IT to healthcare to automotive--and Michigan's attractiveness to companies from around the world.

Particulars of the projects associated with the incentives are:

Kenersys Americas, LLC, the Germany-based global wind turbine manufacturing company, plans to invest $10.2 million here via a sales/headquarters operation in Troy. and a manufacturing facility (venue to be determined by 2013). Expected number of new jobs: up to 160.

Summit Health, the leading provider of nationwide on-site wellness programs, plans to invest $11.4 million to establish its headquarters and R&D center in Novi. Expected number of new jobs: up to 252.

Tianhai Electric North America, a subsidiary of China Auto Electrics Group Ltd., will spend $5.5 million to establish a world headquarters to manage global wire harness business for all non-Chinese based OEM platforms, and relocate its warehouse/distribution operations from Texas to Orion Township. Expected number of new jobs: up to 202.

A development project by East Lansing Brownfield Redevelopment Authority is expected to create up to five full-time and 50 part-time jobs. Total capital investment: $7.9 million.

A Grand Rapids Brownfield Redevelopment Authority project is expected to generate $17 million in new investment and create up to 17 jobs.

A potential redevelopment/expansion of General Motors' Cadillac Building in Warren could create about 25 jobs and generate total capital investment of about $130 million.

For the year to date, the MEGA board has approved agreements to help expand 42 businesses projected to invest $940 million, and create/retain about 9,750 jobs. It also approved eight brownfield redevelopment projects with projected new investment of over $455 million.